Research Article
How to Improve Firm Resilience During COVID-19 Pandemic: the Role of Digital Technology Deployment
@INPROCEEDINGS{10.4108/eai.1-9-2023.2338780, author={Changxin Fu and Mengna Wu and Liya Li}, title={How to Improve Firm Resilience During COVID-19 Pandemic: the Role of Digital Technology Deployment}, proceedings={Proceedings of the 2nd International Conference on Public Management, Digital Economy and Internet Technology, ICPDI 2023, September 1--3, 2023, Chongqing, China}, publisher={EAI}, proceedings_a={ICPDI}, year={2023}, month={11}, keywords={firm resilience; digital technology deployment; automobile supply chain}, doi={10.4108/eai.1-9-2023.2338780} }- Changxin Fu
Mengna Wu
Liya Li
Year: 2023
How to Improve Firm Resilience During COVID-19 Pandemic: the Role of Digital Technology Deployment
ICPDI
EAI
DOI: 10.4108/eai.1-9-2023.2338780
Abstract
Enhancing supply chain resilience has gained attention due to the outbreak of the COVID-19 pandemic. Digital technology is considered an effective method for improving firm resilience due to its ability to anticipate risks, develop forward-looking strategies, and achieve real-time control. This study revealed the implications of digital technology deployment on firm resilience using 129 publicly listed automobile manufacturers in China from 2019 to 2022. In this study, the effect of digital technology deployment on firm resilience is revealed in two dimensions: investment and application. Based on the dynamic capabilities theory, econometric models are used to identify the impact of the two aforementioned dimensions of digital technology deployment under the dynamic capabilities view. The results indicate that the impact of digital technology investment on firm resilience is insignificant. However, the application of digital technology deployment to product innovation is conducive to enhancing firm resilience. Our research further expands operations and supply chain risk management and provides effective guidance for automobile manufacturers to address the risk of supply chain disruption caused by such emergencies.